India’s Core Sector growth slowed to 2.3% in Feb, before West Asia crisis began

New government data confirms that India’s eight core industrial sectors slowed to 2.3% in February 2026, a slump that began before the current conflict in West Asia. While cement and steel sectors remained resilient, domestic energy production, including crude oil and natural gas, has continued a long-term contraction. Economists warn that these pre-existing domestic weaknesses, now coupled with global supply shocks, pose a significant downside risk to India’s GDP growth in the coming fiscal year.

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